Putting Last Remaining House On the Market, says Musk

TESLA’S ELON  musk tweeted that he decided to sell his last remaining house a week after a report said he and other  billionaires paid little or on income taxes for several years. The electric-car maker chief executive officer tweeted earlier this month that he only has one house in the San Francisco Bay area that is rented out for event, and that if he sold, it “would see less use, unless bought by a big family which might happen someday.’’

Musk, 49, first announced plans more than year ago to sell his homes and most of his possessions as a way to blunt criticism of his wealth. Within days, he put two of his and Berkshire Hathaway chairman Warren Buffett have paid little income tax relative to their outsize wealth, citing a trove of Internal Revenue Service data on tax returns for thousands of the wealthiest Americans. Musk paid on federal income taxes in 2018 and less than $70,000 in 2015 and 2017, according to the report.

An IRS official said last week that the disclosure of the data for billionaires including BLOOMBERG parent referred to Federal Bureau of Investigation investigators

After the PORPUBLIC report, Musk tweeted that he will keep paying income taxes in California in proportion with his time in the state, which he said well be significant. He moved to Texas last year and he now rents a roughly $50,000 house in BOCA Chica from space Exploration Technologies Corp, which has a launch site in the area.

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